Here are some frequently asked questions about what is available and where to go for more information.
Families choose private loans either because they feel the rates and terms are advantageous, to cover gaps in their funding for university of the funds cover programs that are ineligible for Federal funds. Private loans may cover programs that are less than half-time, involve distance learning
or even in some situations cover prior year costs. Your school will need to confirm if your program is eligible to receive funds and the
maximum amount you can borrow against the Cost of Attendance for your program of study. This is a separate approval than your applications and credit check.
These are funds that are borrowed from a private company, are subject to required credit-checks and may need you to obtain a credit-worthy co-signer.
Statement about parents helping grad and undergrad
Students can borrow for themselves or others can borrow for a student.
Not limited to parents.
Can be anyone!